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HISTORICAL DETAILS
% Change
1 Wk -0.67
1 Month -0.08%
3 Months -0.46%
6 Months 5.84%
1 Year 11.20%
52 WEEK
High 1.4940
Low 1.2588
BLOOMBERG MEDIAN FORECASTS
Q2 2011 1.45
Q3 2011 1.44
Q4 2011 1.41
Q1 2012 1.41
DAILY DETAIL
Overnight, the euro initially rose before falling ahead of tonight’s European bank stress test results, plus comments from Ben Bernanke where he appeared to squash speculation of any imminent stimulus measures to boost the lacklustre US economy. Ending the Australian session around the 1.4180 level, the euro was initially bid up, reaching an overnight high of 1.4258, before sliding back to close at 1.4143 as US equities finished near their lows of the day. When forex markets re-opened for Asian trade, the euro managed to peg back some lost ground moving into the 1.4160 range where it has remained for much of the day. Its next major directional catalyst will come tonight with the release of the stress test results of 91 European banks. This will provide some much need clarity over which backs are adequately positioned to whether any continued debt shocks and those that will require additional capital. The pair currently sits at 1.4167. Cameron Peacock, Australia
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